OptionsEdge vs WheelScanner
Price, ratings, monetisation and update history for both apps, side by side β with what reviewers say about each.
OptionsEdge
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OptionsEdge is a quantitative options strategy analyzer that identifies the highest-probability trades using real-time market data, institutional-grade pricing models, and a multi-dimensional scoring algorithm. Enter any US equity ticker, set your directional bias and expiration window, and OptionsEdge does the rest. The engine fetches live option chains from CBOE, computes implied and historical volatility, detects upcoming catalysts (earnings, dividends, FOMC), and evaluates up to 29 distinct options strategies across every available expiration in your date range. Each strategy is scored on six independent dimensions: Expected Return, Risk-Adjusted Return, IV/HV Analysis, Pricing Edge, Catalyst Awareness, and Technical Indicators. Results are ranked by a weighted composite score so you can objectively compare opportunities across different strategies and expiration dates. KEY FEATURES: Multi-Expiration Analysis β Evaluates all expirations within your date range, not just a single expiry. Different expiration dates often carry significantly different implied volatility, and OptionsEdge captures those opportunities automatically. Three Pricing Models β Choose from Black-Scholes (European, fastest), Bjerksund-Stensland 2002 (American approximation), or Cox-Ross-Rubinstein Binomial (150-step lattice). Each model computes theoretical prices and Greeks for every contract. 29 Strategies β 10 bullish, 10 neutral, and 9 bearish strategies including spreads, butterflies, condors, straddles, strangles, calendar spreads, ratio backspreads, and more. Granular Directional Bias β Select from Mildly, Moderately, or Extremely Bullish/Bearish, plus Neutral for sideways markets. Strike selection adapts to your conviction level β extreme bias targets deeper OTM contracts for higher-leverage plays. Interactive P&L Analyzer β Visualize profit/loss at any date before expiration. Adjust stock price, days remaining, and implied volatility with intuitive sliders to model any scenario. Catalyst-Aware Scoring β Earnings dates, ex-dividend dates, and FOMC decisions are automatically detected and factored into every strategyβs score. Full Greek Analysis β Net delta, gamma, theta, and vega for every position. Analytical Greeks for Black-Scholes; finite-difference Greeks for American models. Fully Configurable β Set risk tolerance, HV lookback window, trading level, expiration type filters (weekly/monthly/quarterly), and pricing model from the Settings panel. IMPORTANT: OptionsEdge is an educational and analytical tool. It does not constitute financial advice, nor is it a recommendation to buy or sell any security. Options trading involves substantial risk and is not appropriate for all investors. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://optionsedge.net/privacy.html
WheelScanner
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WheelScanner finds the best options for the Wheel Strategy β Cash Secured Puts and Covered Calls β so you don't have to spend hours screening manually. βΈ RISK SCORING & AI ANALYSIS Every ticker gets a risk score based on deep data analysis β earnings proximity, volatility rank, option liquidity, and safety ratios β helping you avoid dangerous trades. βΈ PAPER TRADING Practice the Wheel before risking real money. Open positions, track P&L, and build confidence with zero risk. βΈ WATCHLIST & PRICE ALERTS Track your favorite tickers. Set price alerts and get notified when a stock hits your target entry. βΈ TOP ETFs & MAG 7 Quickly scan popular ETF indexes (SPY, QQQ, IWM, DIA) and Magnificent 7 stocks with one tap. βΈ BUILT FOR THETA TRADERS WheelScanner is purpose-built for income-focused options traders running the Wheel. No clutter, no noise β just the data that matters. SUBSCRIPTION OPTIONS β’ Pro Monthly β $14.99/month (3-day free trial) β’ Pro Annual β $124.99/year (save 30%) Free version includes market scans (top 5 results), watchlist (5 tickers), and paper trading (2 positions). Pro unlocks AI analysis, Sell CALL strategy, price alerts, and unlimited access. Payment is charged to your Apple ID account at confirmation of purchase. Subscription automatically renews unless canceled at least 24 hours before the end of the current period. Your account will be charged for renewal within 24 hours prior to the end of the current period. You can manage and cancel your subscriptions in your Account Settings on the App Store after purchase. Terms of Use: https://api.wheelscanner.app/terms Privacy Policy: https://api.wheelscanner.app/privacy DISCLAIMER: WheelScanner provides financial data and tools for informational purposes only. It is not financial advice. Options trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results.
Screenshots
Verdict
The clearest difference is iOS requirement: OptionsEdge at 16.0 against WheelScanner's 26.0. On price, ads, in-app purchases and device support there is nothing between them.
Scored on Price Β· Rating Β· Positive reviews Β· Number of ratings Β· Update frequency Β· Ads Β· In-app purchases Β· Monetization Β· Best chart rank Β· Devices Β· Requires iOS
Both are free to download. OptionsEdge sells 2 in-app purchases, starting at $9.99 per month and WheelScanner sells 2 in-app purchases, starting at $14.99 per month. Whichever you choose, the download price is not the number that matters.
| Parameter | OptionsEdge | WheelScanner |
|---|---|---|
| Price | Free | Free |
| Update frequency | Every 5 days | β |
| Ads | No | No |
| In-app purchases | Yes | Yes |
| Devices | iPhone | iPhone |
| Requires iOS | 16.0 β better | 26.0 |
| Further details β not scored | ||
| Size | 6 MB | 25 MB |
| Age rating | 4+ | 4+ |
| Developer | Sina Moainie | Dauren Amreyev |
In-app purchases
OptionsEdge
- Pro Monthly$9.991 Month
- Pro Annual$79.991 Year
WheelScanner
- Pro Monthly7 Days trial$14.991 Month
- Pro Annual7 Days trial$124.991 Year
Questions
Is OptionsEdge free?
Is WheelScanner free?
Do OptionsEdge or WheelScanner have ads?
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